U.S. Targets Sanction-Evading Shipping Firms, Enlists Help from Insurers, Banks November 6, 2019 By Jonathan Saul The United States will target shipping companies that are in breach of sanctions and aggressively enforce measures across the globe...
Shipping Firms Begin Hiring Unarmed Guards for Voyages in Middle East Gulf July 17, 2019 By Jonathan Saul Shipping companies are hiring unarmed security guards for voyages through the Middle East Gulf as an extra safeguard after a...
As Lloyd’s Jettisons Some Marine Insurance Lines, Opportunities Created for Rivals June 24, 2019 By Carolyn Cohn, Jonathan Saul and Suzanne Barlyn Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after...
Violations of IMO 2020 Emissions Rules for Shipping Could Hit Insurance Cover May 20, 2019 By Jonathan Saul Tougher rules on sulfur emissions from ships will come into effect next year in the biggest shake-up for the oil...
London Marine Insurers Expand Middle East Threat Zone After Saudi Ship Attacks May 17, 2019 By Jonathan Saul London’s marine insurance market has extended the list of waters deemed high risk to include Oman, the United Arab Emirates...
Insurer Says Iran’s Guards Likely Facilitated Saudi Tanker Attacks: Reuters May 17, 2019 By Jonathan Saul and Gwladys Fouche Iran’s elite Revolutionary Guards (IRGC) are “highly likely” to have facilitated attacks last Sunday on four tankers including two Saudi...
London’s Marine Insurers to Assess Risk Level After Ship Attacks in Middle East May 16, 2019 By Jonathan Saul London’s marine insurance market will meet on Thursday to assess whether it needs to change the risk level for vessels...
Lloyd’s Innovation Drive Faces Headwinds from Some Brokers, Underwriters April 26, 2019 By Carolyn Cohn and Jonathan Saul Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure...
UN Shipping Agency Seeks to Clamp Down on Rogue Shipping Companies April 5, 2019 By Jonathan Saul The United Nations’ shipping agency is working on tougher measures to clamp down on rogue shipping companies trying to use...
Lloyd’s Conducts Business Review in Wake of 2017’s $2.6 Billion Loss: Sources July 31, 2018 By Carolyn Cohn and Jonathan Saul Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and...